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Debtor DiplomacyFinance and American Foreign Relations in the Civil War Era 1837-1873$
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Jay Sexton

Print publication date: 2005

Print ISBN-13: 9780199281039

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780199281039.001.0001

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The Baring Years, 1837–1861

The Baring Years, 1837–1861

(p.20) 1 The Baring Years, 1837–1861
Debtor Diplomacy

Jay Sexton (Contributor Webpage)

Oxford University Press

This chapter discusses that the financial and commercial prominence of Baring Brothers imparted great political and diplomatic influence to the firm. It shows that the Webster and Ashburton succeeded in negotiating what became known as the Webster — Ashburton Treaty in these circumstances illustrates their desire to preserve peace and to promote economic intercourse between the two nations. It explains that Europe's renewed interest in U.S. happened when the federal government was in need of cash following the outbreak of the Mexican War in 1846. It presents several examples on how the U.S. attracted Europe to make investments on America.

Keywords:   Baring Brothers, Daniel Webster, Lord Ashburton, Mexican War

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